Many new traders are lured into the world of trading by the promise of easy riches, but the truth is that trading is a risky business. It's also very dangerous because there are many traps and pitfalls that await every new trader. If you don't know what you're doing, you can easily lose all of your investment capital, or even end up owing large sums of money!
Stock trading is not an easy thing. It is evitable that you will make trading mistakes along the way. This is normal. It's how things go. You learn from your mistakes. There are some deadly investing mistakes you simply cannot afford to make. Mistakes that can be very costly and you can lose all your hard earned money.
Avoid these 7 Fatal Deadly Mistakes
Every one of us makes costly investing mistakes. As investors, the most important thing is to recognize our investing mistakes and then learn from them. Unless we can learn from our mistakes we are destined to just keep repeating them, over and over and over again.
In this “7 Deadly Mistakes of Investing That Will Slash Your Profits” course, it will reveals the 7 most common and critical mistakes made by traders. This easy-to-follow course, showing short and precise techniques that includes information on how to dodge the most common investing pitfalls. This course will also explain the certain irrational behaviours and mindset of the common errors we make and why we make them.
At the end of the course YOU will be able to recognize the warning signs for the trading mistakes, how to think and what to do to correct your ways. Being aware of these key pitfalls is the best way to recognize and avoid them. The key to successful trading is to focus on repeatable behaviour using a discipline system that can help you maximize the odds for investment success.
Don't let negative actions, such as fighting the market, overtrading, and your emotions get in the way of your investing success. You can start today to learn these core principles and realise your full potential in the stock market.
If you want to avoid the common investing mistakes traders make and put yourself in a better financial position, then this course is for you! Enroll in this course to get started. With Udemy's 30 days money back guarantee, you have nothing to lose and everything to gain.
Mistakes are lessons of wisdom. The past cannot be changed. The future is yet in your power.
Take control of YOUR financial success TODAY!
Many traders lose money by chasing stocks within the first 30 minutes after the opening bell. What they don't realize is that they are setting themselves up for pain and not fun way
Chasing opening gaps is one type of stock strategy that brings “excitement” to many traders. It is a good practice to come into the market with a trade plan, and understand the “unexpected” movement.
There is no one out there who can correctly tell you a stock is going to double or triple the stock price. Take time to learn all you can about investing and read what these “Guru” have to say as you learn from them
There's a saying: “The risk is more in the investor than in the investment”. While risk cannot be eliminated, it can be managed through careful planning and following a disciplined investment process
People blunder with leverage is when don't understand the risk they are taking and don't work out the maximum loss they can make. If not kept properly, can blow up your trading account very, very quickly
Many traders spend far too much time trying to figure out the exact entry and exit strategy but too little time on money management. Without a proper understanding of money management, you can have the best trading systems and still blow your account
Human nature tell us to look for bargains to get the best deal possible. Do not buy stock only because it is cheap. Usually stocks are cheap for a good reason
This is the mistake that has seen many traders hold on to a losing stock way longer than they should. It's very important to set your entry and exit points on every trade. Cut your losses as soon as possible and move on
There are always new waves of desperate people drawn to the promise of making easy money. They are looking for hope or an easy option that will change their financial situation, and they easily fall prey to anything that can get them out of the 'rat race'
Buying a stock on a tip, or an opinion from so-called expert on television is risky. It makes no sense to risk your money on the basis of what someone else says, unless you know for sure, this person uses methods and principles that have been proven successful for a long time
To be a successful trader, you have to fully accept every responsibility for your actions or you will find any excuse to fail for not making money. YOU have to be responsible for the buying and selling, not your indicators
In the world of trading, we find ourselves with all sorts of technical indicators, tools and strategies available today. In fact, we are taken in so much information that we didn't know what to do first. The problem with over-analysis is that it can be counterproductive, costly, and result in missed opportunities
Trading excessively at one time is a huge mistake. It takes keen focus and concentration to be a successful trader. Resist the temptation to over trade
Never get bored. Some people only trade because they are plain bored. If you cannot trade today or you cannot find good positions then don't trade. This will give you a day off and save you some losses
When the liquidity levels are low, some traders take full advantage to manipulate stock prices, by purchasing huge amount of stock and hype it up and sell to other investors. You can get yourself in trouble when you got tempted by the opportunities present
Trading goals should be designed to help you achieve. Goals related to money won't help you do that. Work on trading goals that are related to achievement by helping you to develop your trading skills
Don't let greed to overcome your logical thinking. Profit-taking is an important tool that every trader should add to his arsenal. Reluctant to sell as prices rise was a critical mistake as too many traders keep thinking that their winning trades will keep going up forever and never know when to take profit… until the shares crashed on them!
Great traders know that losses occur, but they plan for losses and have an exit plan for when losing trades occur. This exit plan is critical, and failing to have one is where most traders end up going wrong in their trading careers
It is important to recognize your emotions and to trade with peace of mind. Trading psychology is about finding the right mindset by combining your emotions. The four main emotions involved in trading include greed, fear, hope and regret
There are going to be times where the trader is having a series of consecutive losers. Thinking about losses in such an unconstructive manner can create a negative trading spiral and actually compound our losses. Don't let your emotions spiral and lose control of your trade
The biggest obstacle standing between you and your trading profits is your emotions. Controlling your emotions may prove to be a big challenge and have a huge effect on your trading decisions
Martin is a private trader and investor with 10+ years experience in trading and investing. He holds an MBA in finance, and has invested significantly in the stock market. He has extensive background in managing various instruments in stocks, bonds, mutual funds, etc. Martin's practical hands-on experience comes from dealing with thousands of traders during his work time at various financial institutions and other leading firms.
Since young, Martin has been inspired by the "Rich Dad, Poor Dad" story. He always had the drive to create long-term wealth and get out of the "rat race". With the stock market in turmoil, low interest rates and increasing inflation there has never been a better time to look for ways to improve your own financial situation.
Martin also believes in empower individual investors to take control of their financial destiny by providing financial education and invest their own money in the stock markets without the help of financial professionals.
Martin is happily married for over 10 years and has two young boys. In his spare time, he love playing football, photography, travelling and spending time with his family.